Spenga
Fitness and Recreational Sports Centers
What it costs
Figures are from the 2026 filing in WI, registered April 25, 2026 — the Franchise Disclosure Document as the state registry holds it.
- Total investment
- $552,267 – $789,595
- Initial franchise fee
- $49,500
- Franchised outlets
- 44
How its owners fared
29.6% of finished loans charged off
8 of 27 franchisees who borrowed to buy Spenga did not repay. Lower charge-off rate than 3 of 39 comparable brands in Fitness and Recreational Sports Centers. See every one of them →
We only know how 27 of this brand’s 65 loans ended. The government withholds the outcome on 28 of the others, so everything above is based on 42% of the record.
The median comparable Fitness and Recreational Sports Centers brand lost 11.5% of its borrowers. Spenga lost 29.6% — 2.6 times the median. See it against every comparable brand →
What else the filing says
There is more in Spenga’s filing
What it costs to open is free, above. Access opens what the franchisor disclosed about earning it back — here and on every other brand we have read.
One brand of your choosing opens free with an account, for a year. From $49 for more, up to $199 for every brand we have read. Nothing renews itself.
Takes an email and a password. You land back here and choose which brand to open — it stays open for a year. Or see what more costs.Already have an account?
What that opens
- The revenue bands Item 19 reports separately, and how many outlets sit in each
- Every ongoing fee in Item 6 priced in dollars a year, not just the royalty
- How many franchisees left that year, which a headline outlet count hides
- How long the agreement binds you, and on what terms it renews
- Whether the franchisor earns from the suppliers it requires you to use
- A five-year model you drive with your own rent, wages, borrowing and ramp
The loan record stays free — how many of this brand’s franchisees borrowed from a bank to buy in, and how many never paid it back. That is a public government record and we do not charge for it. What you pay for is only what we read out of the franchisor’s own disclosure document.
Straight answers
From this filing and the federal loan record. Nothing here is projected, and where the filing does not say, it says so.
- How much will it cost to open?
- $552,267 – $789,595, of which $49,500 is the franchise fee. That is the franchisor’s own estimate and excludes the working capital to survive the months before revenue covers costs.The filing →
- What will I owe them every year?
- Included with access
- Is the system growing or shrinking?
- Included with access
- Did the people who borrowed to buy one repay?Free
- 29.6% were charged off, of the 27 SBA loans that have finished. A charge-off means the lender wrote the loan off — not that the outlet closed, and not that the owner lost money. Loans still being repaid count neither way — a loan that has not finished has not succeeded.Loan outcomes →
- What should I be worried about?
- Included with access
- What should I ask existing owners?
- Included with access
What you would earn, and when
Neither is in the filing: both turn on your rent, wages and financing. Enter those and the five-year model returns your profit, your cash flow year by year, the month you break even, and the NPV and IRR of the whole investment.
- Can I make money?
- Included with access
- How long until I break even?
- Included with access